Whitbread plc
Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. The company operates hotels under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. It also operates restaurants under the Brewers Fayre, Beefeater, Cookhouse and Pub, Bar+Block Steakhouse, Thyme, Whitebread Inns, and Table Table brands. The company was founded in 1742 and is headq… Read more
Whitbread plc (WTBCF) - Net Assets
Latest net assets as of August 2025: $3.19 Billion USD
Based on the latest financial reports, Whitbread plc (WTBCF) has net assets worth $3.19 Billion USD as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.01 Billion) and total liabilities ($6.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.19 Billion |
| % of Total Assets | 31.85% |
| Annual Growth Rate | 2.88% |
| 5-Year Change | -13.03% |
| 10-Year Change | 38.67% |
| Growth Volatility | 25.13 |
Whitbread plc - Net Assets Trend (1986–2025)
This chart illustrates how Whitbread plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Whitbread plc (1986–2025)
The table below shows the annual net assets of Whitbread plc from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $3.33 Billion | -5.25% |
| 2024-02-29 | $3.52 Billion | -14.40% |
| 2023-02-28 | $4.11 Billion | -0.18% |
| 2022-02-28 | $4.12 Billion | +7.43% |
| 2021-02-28 | $3.83 Billion | +2.28% |
| 2020-02-29 | $3.75 Billion | -33.68% |
| 2019-02-28 | $5.65 Billion | +101.70% |
| 2018-02-28 | $2.80 Billion | +11.00% |
| 2017-02-28 | $2.52 Billion | +4.99% |
| 2016-02-29 | $2.40 Billion | +21.58% |
| 2015-02-28 | $1.98 Billion | +10.93% |
| 2014-02-28 | $1.78 Billion | +15.38% |
| 2013-02-28 | $1.55 Billion | +20.43% |
| 2012-02-29 | $1.28 Billion | +3.32% |
| 2011-02-28 | $1.24 Billion | +12.09% |
| 2010-02-28 | $1.11 Billion | -1.82% |
| 2009-02-28 | $1.13 Billion | -14.33% |
| 2008-02-29 | $1.32 Billion | +24.37% |
| 2007-02-28 | $1.06 Billion | -31.52% |
| 2006-02-28 | $1.55 Billion | -14.84% |
| 2005-02-28 | $1.82 Billion | -13.45% |
| 2004-02-29 | $2.10 Billion | +5.42% |
| 2003-02-28 | $1.99 Billion | +5.41% |
| 2002-02-28 | $1.89 Billion | -24.25% |
| 2001-02-28 | $2.49 Billion | -1.91% |
| 2000-02-29 | $2.54 Billion | +1.86% |
| 1999-02-28 | $2.50 Billion | +0.65% |
| 1998-02-28 | $2.48 Billion | +9.49% |
| 1997-02-28 | $2.26 Billion | +0.32% |
| 1996-02-29 | $2.26 Billion | -0.93% |
| 1995-02-28 | $2.28 Billion | +3.33% |
| 1994-02-28 | $2.21 Billion | +6.41% |
| 1993-02-28 | $2.07 Billion | -20.27% |
| 1992-02-29 | $2.60 Billion | -2.30% |
| 1991-02-28 | $2.66 Billion | +1.60% |
| 1990-02-28 | $2.62 Billion | +18.78% |
| 1989-02-28 | $2.20 Billion | +92.62% |
| 1988-02-29 | $1.14 Billion | -3.29% |
| 1987-02-28 | $1.18 Billion | +7.24% |
| 1986-02-28 | $1.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Whitbread plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 442.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.44 Billion | 133.08% |
| Common Stock | $145.20 Million | 4.35% |
| Total Equity | $3.33 Billion | 100.00% |
Whitbread plc Competitors by Market Cap
The table below lists competitors of Whitbread plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sanan Optoelectronics Co Ltd
SHG:600703
|
$5.86 Billion |
|
Krystal Biotech Inc
NASDAQ:KRYS
|
$5.87 Billion |
|
Zhejiang Satellite Petrochemical Co Ltd
SHE:002648
|
$5.87 Billion |
|
Meiji Holdings Co. Ltd
F:3M0
|
$5.87 Billion |
|
Direct Line Insurance Group PLC
PINK:DIISY
|
$5.85 Billion |
|
Eagle Materials Inc
NYSE:EXP
|
$5.85 Billion |
|
Sinomine Resource Exploration Co Ltd
SHE:002738
|
$5.85 Billion |
|
Spirax-Sarco Engineering plc
PINK:SPXSF
|
$5.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Whitbread plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,519,400,000 to 3,334,500,000, a change of -184,900,000 (-5.3%).
- Net income of 253,700,000 contributed positively to equity growth.
- Dividend payments of 178,100,000 reduced retained earnings.
- Share repurchases of 264,300,000 reduced equity.
- New share issuances of 7,100,000 increased equity.
- Other comprehensive income increased equity by 1,771,400,000.
- Other factors decreased equity by 1,774,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $253.70 Million | +7.61% |
| Dividends Paid | $178.10 Million | -5.34% |
| Share Repurchases | $264.30 Million | -7.93% |
| Share Issuances | $7.10 Million | +0.21% |
| Other Comprehensive Income | $1.77 Billion | +53.12% |
| Other Changes | $-1.77 Billion | -53.22% |
| Total Change | $- | -5.25% |
Book Value vs Market Value Analysis
This analysis compares Whitbread plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.60x to 1.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-02-28 | $3.52 | $33.79 | x |
| 1987-02-28 | $3.71 | $33.79 | x |
| 1988-02-29 | $3.39 | $33.79 | x |
| 1989-02-28 | $6.12 | $33.79 | x |
| 1990-02-28 | $7.18 | $33.79 | x |
| 1991-02-28 | $7.23 | $33.79 | x |
| 1992-02-29 | $7.15 | $33.79 | x |
| 1993-02-28 | $5.36 | $33.79 | x |
| 1994-02-28 | $6.10 | $33.79 | x |
| 1995-02-28 | $6.24 | $33.79 | x |
| 1996-02-29 | $6.15 | $33.79 | x |
| 1997-02-28 | $6.13 | $33.79 | x |
| 1998-02-28 | $6.59 | $33.79 | x |
| 1999-02-28 | $6.59 | $33.79 | x |
| 2000-02-29 | $6.74 | $33.79 | x |
| 2001-02-28 | $6.63 | $33.79 | x |
| 2002-02-28 | $7.51 | $33.79 | x |
| 2003-02-28 | $8.86 | $33.79 | x |
| 2004-02-29 | $9.29 | $33.79 | x |
| 2005-02-28 | $8.00 | $33.79 | x |
| 2006-02-28 | $6.54 | $33.79 | x |
| 2007-02-28 | $3.95 | $33.79 | x |
| 2008-02-29 | $5.94 | $33.79 | x |
| 2009-02-28 | $5.57 | $33.79 | x |
| 2010-02-28 | $5.44 | $33.79 | x |
| 2011-02-28 | $6.05 | $33.79 | x |
| 2012-02-29 | $6.20 | $33.79 | x |
| 2013-02-28 | $7.36 | $33.79 | x |
| 2014-02-28 | $8.41 | $33.79 | x |
| 2015-02-28 | $10.81 | $33.79 | x |
| 2016-02-29 | $13.14 | $33.79 | x |
| 2017-02-28 | $13.85 | $33.79 | x |
| 2018-02-28 | $15.30 | $33.79 | x |
| 2019-02-28 | $30.77 | $33.79 | x |
| 2020-02-29 | $21.43 | $33.79 | x |
| 2021-02-28 | $20.38 | $33.79 | x |
| 2022-02-28 | $20.30 | $33.79 | x |
| 2023-02-28 | $20.27 | $33.79 | x |
| 2024-02-29 | $18.03 | $33.79 | x |
| 2025-02-28 | $18.47 | $33.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Whitbread plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.68%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.97x
- Recent ROE (7.61%) is below the historical average (10.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 9.14% | 6.49% | 0.86x | 1.64x | $-9.32 Million |
| 1987 | 9.47% | 7.06% | 0.82x | 1.64x | $-6.17 Million |
| 1988 | 11.91% | 7.85% | 0.83x | 1.82x | $21.28 Million |
| 1989 | 7.47% | 8.77% | 0.58x | 1.46x | $-54.91 Million |
| 1990 | 20.71% | 25.73% | 0.60x | 1.35x | $272.96 Million |
| 1991 | 5.87% | 7.37% | 0.55x | 1.44x | $-106.84 Million |
| 1992 | 2.44% | 2.81% | 0.58x | 1.49x | $-190.83 Million |
| 1993 | 5.39% | 4.58% | 0.76x | 1.56x | $-91.84 Million |
| 1994 | 7.57% | 7.02% | 0.75x | 1.43x | $-53.29 Million |
| 1995 | 9.06% | 8.30% | 0.76x | 1.44x | $-21.28 Million |
| 1996 | 9.91% | 8.08% | 0.78x | 1.58x | $-2.05 Million |
| 1997 | 10.96% | 8.16% | 0.79x | 1.71x | $21.61 Million |
| 1998 | 12.11% | 9.34% | 0.78x | 1.67x | $51.95 Million |
| 1999 | 9.15% | 7.73% | 0.72x | 1.64x | $-21.04 Million |
| 2000 | 7.11% | 6.11% | 0.57x | 2.03x | $-73.23 Million |
| 2001 | 7.40% | 7.09% | 0.56x | 1.87x | $-64.77 Million |
| 2002 | -2.79% | -2.61% | 0.58x | 1.84x | $-240.80 Million |
| 2003 | 7.68% | 8.49% | 0.51x | 1.78x | $-45.99 Million |
| 2004 | 7.86% | 9.20% | 0.51x | 1.68x | $-44.66 Million |
| 2005 | 9.29% | 11.60% | 0.35x | 2.27x | $-12.83 Million |
| 2006 | 17.12% | 17.72% | 0.44x | 2.20x | $109.93 Million |
| 2007 | 26.62% | 24.01% | 0.41x | 2.69x | $175.92 Million |
| 2008 | 42.35% | 45.85% | 0.50x | 1.83x | $426.18 Million |
| 2009 | 8.14% | 6.88% | 0.52x | 2.28x | $-20.98 Million |
| 2010 | 14.54% | 11.22% | 0.54x | 2.39x | $50.30 Million |
| 2011 | 18.01% | 13.96% | 0.57x | 2.25x | $99.28 Million |
| 2012 | 20.94% | 15.03% | 0.60x | 2.32x | $139.62 Million |
| 2013 | 19.78% | 14.95% | 0.64x | 2.07x | $150.05 Million |
| 2014 | 18.49% | 14.29% | 0.69x | 1.89x | $150.55 Million |
| 2015 | 18.77% | 14.19% | 0.70x | 1.89x | $172.90 Million |
| 2016 | 16.28% | 13.39% | 0.66x | 1.83x | $150.94 Million |
| 2017 | 16.68% | 13.57% | 0.66x | 1.85x | $168.77 Million |
| 2018 | 12.31% | 17.19% | 0.41x | 1.75x | $64.85 Million |
| 2019 | 3.13% | 8.63% | 0.20x | 1.78x | $-388.47 Million |
| 2020 | 5.81% | 10.57% | 0.26x | 2.09x | $-156.98 Million |
| 2021 | -23.64% | -153.93% | 0.07x | 2.29x | $-1.29 Billion |
| 2022 | 1.03% | 2.50% | 0.18x | 2.32x | $-369.40 Million |
| 2023 | 6.78% | 10.62% | 0.26x | 2.42x | $-132.34 Million |
| 2024 | 8.87% | 10.54% | 0.31x | 2.71x | $-39.84 Million |
| 2025 | 7.61% | 8.68% | 0.30x | 2.97x | $-79.75 Million |
Industry Comparison
This section compares Whitbread plc's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $1,970,545,872
- Average return on equity (ROE) among peers: 4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Whitbread plc (WTBCF) | $3.19 Billion | 9.14% | 2.14x | $5.85 Billion |
| Accor SA (ACRFF) | $4.46 Billion | 9.02% | 1.63x | $6.73 Billion |
| AGORA Hospitality Group Co. Ltd (AGORF) | $12.29 Billion | -2.19% | 0.76x | $22.95 Million |
| Atour Lifestyle Holdings Limited American Depositary Shares (ATAT) | $1.19 Billion | 8.41% | 3.01x | $4.79 Billion |
| Buck Hill Falls Company (BUHF) | $989.27K | 5.53% | 2.14x | $126.11K |
| The Castle Group Inc (CAGU) | $1.65 Million | 10.61% | 6.71x | $3.95K |
| Choice Hotels International Inc (CHH) | $49.30 Million | 55.38% | 6.63x | $3.37 Billion |
| Clarke Inc (CLKFF) | $168.60 Million | -11.39% | 0.84x | $49.67 Million |
| Candlewood Hotel Company Inc (CNDL) | $-45.47 Million | 0.00% | 0.00x | $0.93 |
| Civeo Corp (CVEO) | $375.36 Million | -35.77% | 0.97x | $203.20 Million |
| Dalata Hotel Group plc (DLTTF) | $1.22 Billion | 7.91% | 0.86x | $735.84 Million |